Fathom World

Mapping the transformation of shipping and the oceans

Marine Environment & Fuels

Containerships secures EU funding for LNG project

Finnish Containerships has received a grant of nearly EUR 17 million from the European Union and the Nordic Environment Finance Corporation to go towards its liquefied natural gas project.

  • Containerships says the grant will enable it to move forward with its strategy to establish a logistics chain based entirely on LNG.
  • EUR 10.7 million of the funding will be allocated for ship investments, and EUR 6.2 million for the development of a European LNG terminal network. NEFCO contributed EUR 5 million.
  • Company is investing in new LNG ships and a UK-based refuelling station. Wenchong Shipyard, China is currently building four LNG cargo ships for the company, scheduled for delivery by the end of 2018.

Read more on the press release.

Fathom-News
editor@fathom-mi.com

About Author